JOHANNESBURG, South Africa – South Africa’s trade ministry said on Friday it would oppose the liquidation of sugar producer Tongaat Hulett, warning of severe consequences for jobs, farmers, and the country’s sugar industry. The 134-year-old Tongaat Hulett is one of South Africa’s biggest sugar millers, with capacity to mill 2 million metric tons. It employs…
The Department of Trade and Industry has reiterated its commitment to efforts aimed at protecting the sugar sector and jobs amid the pending liquidation of sugar producer Tongaat Hulett. This follows concerns of the imminent collapse of the 134-year-old company after another failed attempt to rescue the business. Tongaat Hulett’s closure could devastate KwaZulu-Natal’s local…
THE filing for provisional liquidation by Tongaat Hulett on February 12 marked the end of an era for a 134-year-old giant of the South African industry. What began as a hopeful business rescue process in October 2022, has devolved into a legal and financial crisis, leaving the nation’s sugar sector on the brink of collapse.…
The bitter harvest: the Tongaat Hulett liquidation and its ripples across SA IOL Read the original article here
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RCI Industries & Technologies Limited has secured a crucial listing approval from BSE Limited for 1,05,26,315 equity shares of Rs. 10 face value each.These shares are a key component of the resolution plan sanctioned by the National Company Law Tribunal (NCLT) via JTL Industries. Reader Takeaway: Listing approval provides liquidity path post-NCLT; operational revival and…
Cox Yeats Shortlisted for Business Rescue and Turnaround Transaction of the Year 2025 at the DealMakers Awards 2026 Engineering News Read the original article here
A GLASGOW road haulage company has appointed liquidators after His Majesty’s Revenue and Customs (HMRC) called for the company to be closed down. A liquidator has been appointed to Specialist Haulage Hire following a successful petition from HMRC for the Sandyford Place-based company to be wound up. The petition was presented to Glasgow Sheriff Court…
The National Company Law Appellate Tribunal (NCLAT) hearing for Hi-Tech Gears Ltd., scheduled for February 18, 2026, could not proceed as planned due to time constraints. The interim stay on the company’s Corporate Insolvency Resolution Process (CIRP) has been ordered to continue, providing a temporary reprieve. Reader Takeaway: Stay continues, offering temporary reprieve; ongoing CIRP…
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